Not just the US, all over the world currencies are degrading, and the working class is being hit hard. Central banks are most likely the culprit, since they are continuing to devalue currency at an alarming rate.

Economic conditions are not a result of a singular policy maker. No President can directly improve the economy. But they can set a tone for favorable business conditions for capital investment, which eventually will improve the economic conditions. In this regard, I think he has failed terribly. Very little if any legislation he has passes or even proposed has been favorable to the overall business community. That being said...the economy has improved. He was sworn in during a period of extreme financial stress. So no matter what he did the overall economic conditions were likely to improve. On a relative basis...considering the size and scope of the economic downturn, the recovery has been anemic at best when measuring the so-called "real economy"...or the labor market. The Fed has been the most influential in terms of asset price appreciation. But that has only an indirect affect on those most in need and struggling to work their way up the economic spectrum. I see very little that I can say is a real stimulus to private capital investment. If anything, the incentives have been just the opposite.

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Obama, nor any president have direct control, or even all that much influence over the economy. The Federal Reserve, IMF, Bank of England etc. are the controllers, and the corporate conglomerates are the catalyst, government are just the paid for pawns that deal with the public, and assure everyone that things are going great.

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